Jack Layton on Foreign Takeovers

Mr. Speaker, we are facing a rather clumsy approach to these issues by the government. I think that is acknowledged.

It is a good decision, but a lot of uncertainty has been created. It is time we cleared some of that up. Business analysts have echoed our call for some repair to the Investment Canada Act. In particular, we need to make it more transparent, and we are debating our proposals in that regard in the House today.

Will the Prime Minister agree that the culture of secrecy associated with this whole process has gone too far? Will he agree to amend the Investment Canada Act to ensure Canadians have a role in making the decisions when it comes to foreign takeovers, particularly of strategic industries?